| All rights reserved - Core Position Trading, LLC-2024 |
 | NEW PMCC TRADES |
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| STANDARD POOR MAN'S COVERED CALL TRADE IS NOW | ROLLED |
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Today I ROLLED (Closed | Opened) a CCW trades basically at the same time , these are the consolidated trades. | TIME AND DATE STAMP |
| Thursday, May 9, 2024 |
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| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY |
| Advanced Micro | AMD |  |
| | | | | | | | | |
| TRADE 1 > MADE | TRADE 2 > PROJECTIONS |
| $570.00 | $591.00 |
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| CLOSED CCW TRADE DETAILS |
| ORIGINAL CCW TRADE DETAILS BELOW (NOW CLOSED) |
| On May-9 I placed this original trade and below are the details of that trade. |
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES |
| Stock Price - placed | Date | Expire WAS | Days On |
| $156.36 | May-6 | May-24 | 3 |
| Strike Price | Contracts | BUY BACK | Percentage Down |
| $162.50 | 3 | -$2.05 | -48.10% |
| Cash Flow Collected | Cash Flow Collected |
| $570.00 | 4.96% |
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) |
| WHY I CLOSED this PMCCTrade on >AMD > AMD trading basically sideways and with many weeks left on this option we're going to go ahead and close it as it's almost at -50% and I can use the next 20 days to write a covered call and make more premium so we'll probably move out the expiration date one or two weeks and we'll just keep this poor man's covered call trade going as I have until September to make a decision to buy the shares or sell the leaps > The option has fallen such that its down some -0.481012658227848% at the time of this buy back and with (15) day left > To see the full blog post write-up > Go to the Real Time trade blow and type in the UT# in the top right Search area > AMD162.53.95 |
| UNIQUE CLOSED TRADE IDENTIFIER | AMD162.53.95 |
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|  | CLOSED TRADE ENDS | NEW TRADE BEGINS | |  |
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| ROLLED CCW TRADE DETAILS |
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) |
| Today, May-9 I placed this NEW CCW trade and below are the details of that trade. |
| Strike Price was | Strike Price | Expire | Days |
| $152.40 | $165.00 | May-31 | 22 |
| NEW Premium | Contracts | Projected Cash Flow |
| $1.97 | 3 | $591.00 |
| Projected CoC % |
| 5.14% |
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) |
| This trade on AMD starts out as a > (22) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $591 dollars which represents 5.14360313315927% on money invested. Further commentary > Earnings behind it and the markets moving more higher than lower, AMD is moving sideways so Im gonna take advantge of these OTM Strikes and just let this make me a nice +$600 or more per trade ... and having the stock trade higher so my LEAPS are priced higher to make a profit all around > IF my shares are taken at this strike price, my expected LEAPS value will be $39.13264 , my cost basis is $-38.3 |
| UNIQUE CLOSED TRADE IDENTIFIER | AMD1651.97 |
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| | LEAPS CALL OPTION INFORMATION | | |
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| LEAPS CALL OPTION |
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED |
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change |
| Symbol | Expiration | Strike | Investment |
| AMD | Sep2024 | $130.00 | $11,490.00 |
| Contracts | Controlling shares | Delta | Paid? |
| 3 | 300 | 0.816 | -$38.30 |
| The Current LEAPS value > | Current Value | $30.40 |
| I AM CURRENTLY (+) or (-) this amount starting this trade > | -$7.90 |
| The LEAPS value will move higher > | Projected Value | $40.65 |
| The 'Projected Value' is based on where the LEAPS is valued at the start of this trade and where the LEAPS value will be at the strike price. |
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| USING THIS LEAPS CALL OPTION, HOW MUCH PREMIUM ? |
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. |
| Date Opened | Date Closed | Cash Flow | CoC% +/- |
| 4/29/2024 | May-1 | $768.00 | 6.68% |
| 5/6/2024 | May-9 | $570.00 | 4.96% |
| 5/9/2024 | May-31 | $591.00 | 5.14% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
| | $0.00 | 0.00% |
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| $1,929.00 | 16.79% |
